OxFORD Asset Management LLP lifted its stake in shares of CMS Energy Co. (NYSE:CMS) by 1,276.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,739 shares of the utilities provider’s stock after purchasing an additional 119,384 shares during the period. OxFORD Asset Management LLP’s holdings in CMS Energy were worth $5,970,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Archford Capital Strategies LLC boosted its stake in shares of CMS Energy by 62.0% during the second quarter. Archford Capital Strategies LLC now owns 1,145 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 438 shares in the last quarter. IBM Retirement Fund bought a new position in shares of CMS Energy during the third quarter worth about $205,000. Campbell & CO Investment Adviser LLC bought a new position in shares of CMS Energy during the third quarter worth about $216,000. Colony Group LLC bought a new position in shares of CMS Energy during the second quarter worth about $217,000. Finally, BlueMountain Capital Management LLC bought a new position in shares of CMS Energy during the second quarter worth about $217,000. Institutional investors own 87.42% of the company’s stock.
A number of equities research analysts have weighed in on CMS shares. Bank of America started coverage on CMS Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 target price for the company. KeyCorp reissued a “buy” rating and issued a $51.00 price objective on shares of CMS Energy in a research note on Friday, October 20th. BidaskClub raised CMS Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Morgan Stanley raised their price objective on CMS Energy from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Finally, Zacks Investment Research raised CMS Energy from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $49.10.
Shares of CMS Energy Co. (NYSE CMS) traded up $0.08 on Thursday, hitting $49.25. The company’s stock had a trading volume of 1,569,400 shares, compared to its average volume of 1,838,459. The company has a market capitalization of $13,866.56, a price-to-earnings ratio of 25.22, a PEG ratio of 3.50 and a beta of 0.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.59 and a current ratio of 0.94. CMS Energy Co. has a 52-week low of $40.39 and a 52-week high of $50.85.
CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 26th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. CMS Energy had a return on equity of 12.30% and a net margin of 8.38%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The business’s revenue was down 3.8% on a year-over-year basis. equities analysts forecast that CMS Energy Co. will post 2.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 3rd were paid a dividend of $0.3325 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.70%. CMS Energy’s payout ratio is 68.91%.
In other news, insider Dhenuvakonda Rao Venkat sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $48.02, for a total value of $48,020.00. Following the completion of the transaction, the insider now directly owns 28,176 shares in the company, valued at approximately $1,353,011.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David G. Mengebier sold 2,500 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $49.48, for a total value of $123,700.00. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.
CMS Energy Profile
CMS Energy Corporation is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated activities associated with the generation, transmission and distribution of electricity in Michigan; gas utility, which consists of regulated activities associated with the transportation, storage and distribution of natural gas in Michigan, and enterprises, which consists of various subsidiaries engaging primarily in domestic independent power production.
Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter.